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Charges and stamp duty on gift deed from son to mother and brother
23-Mar-2023 (In Property Law)
I want to make an gift deed for a flat whom is registered by my brother. A gift deed from son to mother and brother what will b the charges will I have to pay any stamp duty or lbt.
Stamp duty differs from state to state. Thus, you will have to provide in which state are you residing. However, In Maharashtra, payment of Stamp Duty as mentioned earlier is governed by Maharashtra Stamp Act, 1958. The Stamp Duty leviable on a Gift Deed for an immovable property, is same as payable on conveyance of immovable property. Stamp Duty is thus calculated on the basis of the property's market value.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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